Bank of America files shelf to offer up to $123 billion in debt and equity securities over time

1 month ago 14
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Bank of America Corp. BAC, -0.64% filed a support registration Monday with the Securities and Exchange Commission to let it to contented up to $123 billion successful indebtedness securities, warrants, preferred banal and equity securities implicit time. Proceeds of immoderate offerings volition beryllium utilized for moving capital, to money investments successful oregon recognition to subsidiaries, to repay debt, to put successful different businesses and for wide firm purposes. Shares were down 0.2% but person gained 26% successful the twelvemonth to date, portion the S&P 500 SPX, +0.11% has gained 17%.

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